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Humber College PREX-1060A Valid Exam Notes, PREX-1060A Sure Pass

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2025 PREX-1060A Valid Exam Notes | Updated Exam 4: Invigilated Theory Exam 100% Free Sure Pass

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Humber College Exam 4: Invigilated Theory Exam Sample Questions (Q77-Q82):

NEW QUESTION # 77
A salesperson includes a well-drafted condition in an agreement of purchase and sale for their buyer client to arrange a new first mortgage for an industrial property. The buyer later changes their mind and does not want to borrow money for the purchase. What should the buyer's salesperson use to remove the condition?

A. Mutual release
B. Notice of fulfillment
C. Acknowledgment
D. Waiver

Answer: D

NEW QUESTION # 78
There are three primary items that require attention when countering an offer from a seller. Which of the following items does NOT need to be checked?

A. The purchase price
B. The balance due clause
C. The date of the agreement of purchase and sale
D. The irrevocability clause

Answer: C

NEW QUESTION # 79
A salesperson is representing a commercial landlord in a lease negotiation. The landlord wants to sign back the offer with a higher rent. What should the salesperson make the landlord aware of regarding the rent increase?

A. The rent increase cannot be higher than the guideline set by the government.
B. The rent increase can be any amount.
C. The rent increase cannot be more than the Consumer Price Index (CPI).
D. The rent increase can be challenged by the Landlord and Tenant Board.

Answer: B

NEW QUESTION # 80
When discussing economic considerations, interest rates, government policies, and infrastructure specific to industrial properties, why are investors attracted to industrial properties?

A. Good transportation and distribution corridors do not matter to industrial investors and their tenants.
B. Industrial properties have a number of large, credit-worthy tenants and long-term leases.
C. Industrial properties have a lower capital gains tax at disposition.
D. Higher mortgage interest rates will provide a better return on investment.

Answer: B

NEW QUESTION # 81
What is the best indicator of a strong office market?

A. The number of free months given to new and renewing tenants by landlords in the office marketplace
B. When tenants have lots of options because of the amount of available space at favorable rates
C. The absorption rate, net absorption rate, and rising rental rates
D. Low rental rates and many concessions

Answer: C

NEW QUESTION # 82
......

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